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HOTELS 325: Jin Jiang becomes global No. 2 hotel group, OYO ranks 8th

2019/8/12 9:57:46
Between aggregators like China’s Jin Jiang International to industry unicorn Oyo Hotels & Homes, the complexion of HOTELS annual 325 is evolving at a pace not seen before.

Marriott International holds onto the top spot after what now feels like an ancient deal to acquire Starwood Hotels & Resorts. But this year Hilton dipped to No. 3 behind Chinese state-owned Jin Jiang, which leaped up the ranking after its November 2018 acquisition of Radisson Hotel Group and its almost 200,000 rooms from China’s HNA Group.
In the past four years, Jin Jiang has become a keen acquirer and was not told to sell off assets, as had been the case for some of its more leveraged Chinese contemporaries like HNA Group, Anbang and Wanda Hotels & Resorts. Instead, Jin Jiang has been on an impressive run: It acquired the 100,000-plus-room Louvre Hotels Group from France, as well as India’s Sarovar Hotels & Resorts.
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Prev: Shiji’s hotel tech acquisition spree: a closer look

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Sheraton Shanghai Waigaoqiao Hotel traffic info

Business zone:Waigaoqiao?Bonded?Area
Area:pudongxinqu
Address:Shanghai · Shanghai · pudongxinqu - 28 Jilong Road (Jilong Lu), Pilot Free Trade Zone Pudong New Area Shanghai 200131 China | 620m from Metro Station:North Waigaoqiao Free Trade Zone